Protector Forsikring

Transaction in Own Shares • May 11, 2023

Protector Forsikring ASA initiates share buyback program

Protector Forsikring ASA initiates share buyback program

Protector Forsikring ASA ("Company") has decided to initiate a buyback of up to 100,000 own shares for a maximum amount of NOK 16.5 million. The buyback program will commence on 12 May 2023 and continue until 2 June 2023. The buyback will be made in accordance with the authorization granted at the Company's annual general meeting on 30 March 2023.

The purpose of the program is to fulfill obligations arising as a result of the Company's bonus program for senior executives and key personnel and the Company’s share purchase program for all employees.

Buyback transactions will be executed according to the market price on Euronext Oslo Stock Exchange.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the EU Market Abuse Regulation.

Oslo, 11 May 2023

For further information, please contact: CFO, Ditlev de Vibe Vanay, mob. +47 934 80 393